H.4.1 Factors Affecting Reserve Balances of Depository Institutions

pltesk- FEDERAL RESERVE These data are scheduled for release each Thursday. The exact time of each release wil be announced, when ^f^f^the information is available, on (202) 452-32%. H.4.1 Factors Affecting Reserve Balances of Depository Institutions and Condition Statement of F.R. Banks March 30, 1989 Averages of daily figures (millions of dollars) Reserve balances of depository institutions at F.R Banks, Reserve Bank credit, and related items Week ended Change from week ended Wednesday (March 29, 1989 (March 22, 1989'March 30, 1933 March 29, 1989 Reserve Bank credit: 1 2 259,206 i ,091 + 18,625 258,208 U.S. government securities- Bought outright—system account 228,465 201 4- 13,140 227,924 Held under repurchase agreements Federai agency obligations- Bought outright 6,779 620 Held under repurchase agreements Acceptances- Bought outright Held under repurchase agreements Loans to depository institutions 2,018 + 599 447 2,305 Includes: seasonal borrowing of 156 + 12 25 160 extended credit of 1,527 + 493 718 1,942 Float 1,674 948 1,165 920 Other F.R. assets 20,269 743 + 5,387 20,280 Gold stock 11,061 1 1 11,061 Special Drawing Rights certificate account 5,204 + 129 186 5,368 Treasury currency outstanding 18,952 4- L0 + 622 18,961 Total factors supplying reserve funds 294,423 2,230 19,432 293,598 Currency in circulation* 242,352 97 16,644 242,818 Treasury cash holdings* 456 5 21 457 Deposits, other than reserve balances, with F.R. Banks: Treasury 5,950 1,730 3,382 5,254 Foreign 210 7 16 224 Service-related balances and adjustments J 2,097 144 + 234 1,671 Other 472 33 11 593 Other F.R. liabilities and capital 8^ 106 30 + 892 7,874 Total factors, other than reserve balances, absorbing reserve funds 259,642 1,683 + 21,102 158,891 Reserve balances with F.R. Banks4 34,780 546 1,671 34,707 On March 29, 1989 marketable U.S. government securities held in custody by the Federai Reserve Banks for foreign official f and international accounts were $ 234,526 million, an increase of $ 1,378 million for the week. 1 Net of $ 4,035 million, dally average, matched sale-purchase transactions outstanding during the latest statement week, of which a net of $ 4,035 million was with fortign official and international accounts. Includes securities ioaned —fully secured by U.S. government securities. 2 Net of $ 4,576 million matched sale-purchase transactions outstanding at the end of the latest statement week, of which a net of $ 4,576 million was with foreign official and international accounts. Includes $ 971 million securities loaned—fully secured U.S. government securities. 3 Consists of required clearing balances of $ 1,671 million and adjustments of $ 426 million to compensate for float. 4 Excludes required clearing balances and adjustments to compensate for float. * Estimated (Treasury's figures). Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

Worksheet for H.4.1 (a) CONSOLIDATED STATEMENT OF CONDITION OF ALL FEDERAL RESERVE BANKS Millions of dollars Change since ** WWeeddnneessddaayy Wednesday Wednesday March 29, 1989 Marc .h 22, 1989 March 30, 1988 ASSETS ] Gold certificate account 11,061 + 1 «_ 2 Special Drawing Rights certificate account 5,368 + 200 + 350 Coin 490 - 15 + 1 Loans 2,305 + 43 + 171 Acceptances- __ Held under repurchase agreements Federal agency obligations- Bought outright 6,779 620 Hekl under repurchase agreements 1 U.S. government securit es: Bought outright—Bills L07.292 - 283 + 2,372 Notes 90,603 + 8,680 Bonds 30,029 + 1,712 Total bought outright2 227,924 -. 75T + 127764" Held under repurchase agreements 1 — Total U.S. government securities :: 227,924 2288TT ++ 137764" Total loans and securities ~2 37,008 - 240 + 12,315 Cash items in process of collection (1001) 6,709 - 89 + 715 Bank premises 758 __ + 42 Other assets3 19,522 + 349 + 5 251 TOTAL ASSETS (looi) :2 80,916 + 206 + 18:672 LIABILITIES Federal Reserve notes ;2 24,804 + 311 + 15,687 Deposits: Depository institutions 36 ;> 378 - 444 - 262 U.S. Treasury—general account 5,254 + 242 + 2,064 Foreign—official accounts 224 + 17 + 17 Other 593 + 223 + 114 Total deposits 42,449 + 38 + 1, 333 Deferred availability cash items (1001) 5,789 — 137 + 225 Other liabilities and accrued dividends4 3,191 10 + 644 TOTAL LIABILITIES (looi) :2 76,233 + 202* + 18,^89 CAPITAL ACCOUNTS Capital paid in 2,130 - 19 + 37 Surplus 2,112 — + 65 Other capital accounts 441 + 23 + 81 Figures in parentheses are the eliminations made in the consolidating process. Does not include U.S. government and federal agency securities resoid under matched sale-purchase transactions to foreign official and international accounts of which $ -0- million was outstanding at the end of the latest statement week. Net of $ 4,576million matched sale-purchase transactions outstanding at the end of the iatest statement week, includes $971 million securities loaned—fully secured by U.S. government securities. includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $ 86 million in Treasury bills maturing within 90 days. Includes exchange-translation account reflecting the monthly revaluation at market exchange rates of foreign exchange com mitments. MATURITY DISTRIBUTION OF LOANS ANO SECURITIES, March 29, 1989 Acceptances and securities neid under repurchase agreements are classified as maturing within 15 days in accordance with maximum maturity of the agreements. U.S. government securities Federal agency obligations Loans Acceptances Holdings [Weekly changes Holdings |Weekly cl" anges Within 15 days 2,294 12,081 + 2,432 240 64 16 days to 90 days 11 50,630 - 2,825 726 71 91 days to 1 year 73,434 + 110 1,279 69 Over 1 year to 5 years 51,989 3,357 65 Over 5 years to 10 years 12,781 988 3 Over 10 years 27,009 189. Total 2,305 227,924 283 6,779 Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1 (b) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON March 29, 1989 Millions of dollars Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco ASSETS Gold certificate account 11,061 680 3,311 389 655 917 584 1,394 . 368 168 490 676 1,429 Special Drawing Rights certif. acct. 5,368 335 1,825 156 320 470 208 693 183 96 228 273 581 Coin 490 34 21 44 32 70 45 48 33 16 35 31 81 Loans 2,305 62 9 66 1 8 8 11 49 54 73 1,930 34 Acceptances held under repurchase agreements Federal agency obligations: Bought outright 6,779 411 2,317 192 392 526 316 823 200 97 255 380 870 Held under repurchase agreements 1 ~ — -- -- -- -- -- -- -- -- -- — -- U.S. government securities: Bought outright-Bills 107,292 6,512 36,667 3,042 6,198 8,330 5,003 13,026 3,157 1,528 4,036 6,017 13,776 Notes 90,603 5,499 30,964 2,569 5,234 7,034 4,225 10,999 2,665 1,291 3,408 5,082 11,633 Bonds 30.029 1.822 10.263 851 1,735 2.332 1,400 3.646 884 428 1.129 1.684 3.856 Total bought outright 2 227,924 13,833 77,894 6,462 13,166 17,696 10,628 27,671 6,706 3,247 8,573 12,783 29,265 Held under repurchase agreements 1 -- -- -- -- -- -- -- -- -- ._ ... Total U.S. government securities 227,924 13,833 77,894 6.462 13.166 17,696 10,628 27.671 6,706 3 247 8,573 12.783 29.26 5" Total loans and securities 237,008 14,306 80,220 6,720 13,559 18,230 10,952 28,505 6,955 3,398 8,901 15,093 30,169 Items in process of collection 7,710 426 855 343 311 499 657 725 398 370 1,089 621 1,416 Bank premises 758 92 32 46 32 125 59 106 21 24 47 23 151 Other assets 3 19,522 695 4,766 680 895 1,018 1,270 4,385 464 430 643 2,131 2,145 Interdistrict settlement account i -0- r+ 550 +4J37 5 + 77 _Z 217 +2,538 + 587 - 667 +414 + 983 - 415 - 4.437 -4.238 TOTAL ASSETS 281,917 [17,118 95,905 8,455 15,587 23,867 14,362 35,189 8,836 5,485 11,018 14,361 31,734 1 Does not include U.S. government and federal agency securities resold under matched sale-purchase transactions to foreign official and international accounts, of which $ -0- million was outstanding at the end of the latest statement week. 2 Net of $ 4,576 million matched sale purchase transactions outstanding at the end of the latest statement week. Includes $ 971 million securities loaned-fully secured by U.S. government securities. 3 Includes assets denominated in foreign currencies, revalued monthly at market exchange rates. Includes special investment account at Chicago of $ 86 million in Treasury Bills maturing within 90 days. Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis

H.4.1. (c) STATEMENT OF CONDITION OF EACH FEDERAL RESERVE BANK ON March 29, 1989 Kansas San Total Boston New York Philadelphia Cleveland Richmond Atlanta Chicago St. Louis Minneapolis City Dallas Francisco LIABILITIES Federal Reserve notes 224,804 14,291 78,562 6,201 13.316 19,937 8,430 30,131 7,367 4,319 8,729 11,479 22,042 Deposits: Depository institutions 36,378 2,097 8.465 1,649 1,571 2,928 4,708 3,335 888 617 913 1,845 7,362 U.S. Treasury- general aaaccccccooouuunnnttt 5.254 5.254 Foreign—official accou nnntttsss 224 5 115 7 8 9 14 19 4 5 6 11 21 Other : 593 3 421 1 2 37 1 95 2 1 26 4 Total deposits 42,449 2,105 14,255 1,657 1,581 2,974 4,723 3.449 892 624 920 1,882 7,387 Deferred credit items 6,790 351 712 292 254 430 627 605 355 348 1,062 484 1,270 Other liabilities and accrued j dividends' 3,191 194 1,093 91 182 243 153 396 93 49 120 176 401 TOTAL LIABILITIES 277,234 16,941 94,622 8.241 15,333 23,584 13,933 34,581 8,707 5,340 10,831 14,021 31,100 CAPITAL ACCOUNTS Capital paid in 2,130 77 574 101 116 125 205 279 59 68 87 147 292 Surplus 2,112 75 566 103 115 123 196 273 58 67 87 158 291 Other capital accounts 441 25 143 10 23 35 28 56 12 10 13 35 51 TOTAL LIABILITIES AND CAPITAL ACCOUNTS 281,917 17,118 95,905 8,455 15,587 23,867 14,362 35,189 8.836 5,485 11,018 14,361 31,734 FEDERAL RESERVE AGENTS' ACCOUNTS F.R. notes outstanding 226688,,443377 1177,,222211 8822,,993377 10.310 15,987 2233..443366 1122,,771166 3333,,004422 88,,995555 55,,114488 1111,,447722 1144,,553300 32,683 Less Held by F.R. Banks 4433..663333 22,,993300 44,,337755 4, 109 2.671 33,,449999 44,,228866 22,,991111 11,,558888 882299 22,,774433 33,,005511 10,641 F.R notes, net 22^^880044"""" 1144,,229911 7788"",, 556622 6,201 13,316 1199,,993377"" 88..443300 3300,,113311 77,,336677 44,,331199 88,,772299 1111,,447799 22,042 Collateral held against F.R. notes * Gold certificate account 1111,,006611 Special Drawing Rights certif. acct. 55,,116688 Other Eligible assets --00-- U.S. govt, and agency securities 220088,,337755 Total collateral 1224.804 TOTAL RESERVE BANK CREDIT 1. Includes exchange translation account reflecting the monthly revaluation at market exchange rates of foreign exchange commitments. FA 211 (f*r» M3) Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis